Tuesday, September 8, 2020 / by Jason Gasbarra
HOUSE TO HOME
Summer is hot and the market is hotter! With home prices rising and with many properties selling within a week of being listed, now is the time to upgrade from your starter home to something more permanent. This month’s newsletter details out why.
HOW TO MOVE UP
Selling one home and buying another can be quite the juggling act. In some cases people end up with two mortgages for a time, while in other cases they end up homeless as they transition out of their current home and into their new one! But there are ways around that.Nolo.com shares strategies to minimize the effects of moving up, including advice on financing.
Q: How Can I Find My Perfect Home
Behind the Scenes at Every Door Real Estate
EARNING ON A RENTAL PROPERTY
Rental properties don’t make money overnight. This article from Business Insider shares four things that one property owner had to overcome before she began earning a profit on her rental. Obstacles she faced included choosing the right home and renovating for durability, not style.
HOME SALES ARE SOARING
MarketWatch.com reports that “sales of previously-owned homes in the U.S. rose 24.7% between June and July … Not only did the percentage increase represent a record, but the sales volume was the highest the U.S. has seen since 2006.” Low interest rates and a shift in lifestyle needs seem to be fueling these numbers. Read the article for more.
A BOOST FOR OTHER INDUSTRIES
The housing market is propping up the American economy, CNN reports. Stimulus money and a lifestyle shift from city-living to suburbia has resulted in a boon for the DIY and homebuilding industries. Read the article here.
WASHINGTON'S HOT SUMMER MARKET
Just as we suspected, summer has been a sizzling market for sellers. “Squeezed up by a combination of low supply and high demand, home prices broke records in nearly every major Washington county last month, even as the pandemic’s onslaught continued to wreak havoc with other parts of the economy.” Read the full The Seattle Times article here.
THE BENEFITS OF GEOTHERMAL + SOLAR
One of the most effective energy-saving approaches is a combination system of a geothermal heat pump and a solar energy system. Though the price tag is hefty, the benefits usually outweigh the drawbacks. Here’s what you need to know before installing this system.
Here's where we stand: